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20100226
20100226
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CNBC 4
CSPAN 4
CSPAN2 3
WETA 2
WUSA (CBS) 2
WBFF (FOX) 1
WMPT (PBS) 1
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English 18
Search Results 0 to 17 of about 18 (some duplicates have been removed)
WETA
Feb 26, 2010 12:30am EST
investigation. and fed chairman ben bernanke told lawmakers at a senate banking hearing today that he's reviewing goldman's derivative swaps with greece. >> obviously, using these instruments in a way that intentionally destabilizes a company or a country is... is counterproductive, and i'm sure the s.e.c will be looking into that. we'll certainly be evaluating what we can learn from the activities of the holding companies that we supervise here in the u.s. >> susie: at that same hearing today, bernanke repeated the same message he told house lawmakers yesterday-- he does not plan to raise interest rates anytime soon. so, if interest rates remain at historically low levels for many more months, what does that mean for stock investors? suzanne pratt asked some market pros for their opinion on that topic. >> reporter: when federal reserve chairman ben bernanke talks, wall street always pays close attention. that's because there's an inverse relationship between fed policy and stock prices. tighter money usually means stocks move lower, while easy money generally equals higher stock pric
CNBC
Feb 26, 2010 6:00am EST
't you tell us what you think after hearing a couple days of bernanke's testimony on the hill. does it change your outlook on what the fed is doing? >> no, as long as they use the magic words, extended period, we know the fed will be on hold for at least six months. that's what bill dudley told us. he said extended period was the language the fed has put in the policy statement, means at least six months. it was a phrase repeated by st. louis fed president bullard recently. so whenever bernanke puts his word in on it as well, we can feel assured that the fed is not likely to move for at least six months. the fed needs to be very clear at this day and age. so if they're telling us that that's what extended period means, that's what it means. and so, until there's some other clarifying comments, that's what we have to go on. >> we had somebody who told us yesterday that maybe they could move 25, 50 basis points. it's not the extended period but they're focusing on the incredibly low rates. either one of you guys quily think that's the case? >> the focus is on the extraordinary program
WETA
Feb 25, 2010 7:00pm EST
up at a senate hearing today with fed chairman ben bernanke. >> we have a situation in which major financial institutions are amplifying a public crisis for what would appear to be for private gain. i want to ask you here whether or not you think there ought to be limits on the use of credit default swaps to prevent the intentional creation of runs against governments. do you have any quick comments on that? >> using these instruments in a way that intentionally destabilizes a company or a country is... is counterproductive, and i'm sure the sec will be looking into that. we'll certainly be evaluating what we can learn from the activities of the holding companies that we supervise here in the u.s. and joining me with the latest on all this is roben farzhad, senior writer for "bloomberg business week" magazine. in general terms first, what exactly is chairman bernanke promising to look into? >> this has for the better part of the decade been the great big unknown, this world of derivatives which are largely unregulated secondary investment vehicles. they're almost train of thought.
CNBC
Feb 26, 2010 11:00am EST
of that market. >> diane, where does this leave fed chief ben bernanke in terms of interest rates and where we're heading? i mean, by most consensus here people would anticipate and he has said that he's going to leave them in a very low rate environment for quite some time. how long is that time going to be? >> you know, i've had the fed not raising rates until december for my entire forecast and i'm starting to re-think they might not raise it until 2011. this is a very weak economy. so the weather exacerbates weakness, no question about it. we may recoup some of those gains and we may recoup some of them in march, but at the end of day when you've got people losing income when they're living paycheck to paycheck already, that's just an economy that's not as resilient. it just underscores the fragility of the economy that ben bernanke himself said yes, the weather is noisy and we have to go through it and at the end of day this economy is not looking that great in the first quarter. >> speaking of that, let's attack today's data. milton, real gdp was revised upwards to 5.9% for the first qua
FOX
Feb 26, 2010 4:30am EST
tullian. ben bernanke was on capitol hilary veal banks, including goldman sachs may have been trying to hide debt by using derivatives. >> angie, there are other battles being fought today, in the car industry. g.m. is beginning to question the future of its hummer line. we'll talk about that later in the show. >> apple made big news. steve job says the company has $40 billion, and it's hanging on to that money. >> let's get the day started with michael gurka, great to have you on the show today. >> thank you. >> and he have a lot to get to. first of all, the health care summit. does the market care? >> it does, but not to the extent where it's going to move anything, just because you could have two different reports from the same people at that meeting. there's a bias there, without question. the market's got bigger and better things to focus on now. >> what do you think sparked yesterday's big slide down, and then a little bit of a rally action at the end of the day? it comes down to many different factors, jobs binged lead, and of course the way that inventories are starting to it
CBS
Feb 25, 2010 7:00pm EST
the temporary effect. >> reporter: well, bernanke did say that they will have an impact on the unemployment numbers and the insurance claims. that's because the january storm hit the weak part of the information that is typically collected. >>> also tonight in your only local news at 7:00, connector disconnect. taxpayers are help paying for a shuttle that is not driving. >>> a teenager facing charges after an accident that sent two of the passengers to the hospital. >>> and boiling over, emotions get the better of some family on the last day of the hearings on that deadly metro crash. >>> i'm scott broom on the metro section in northwest washington. today, the national transportation safety board, wrapped up three days of the hearings into the june metro tragedy. >> for now, i have a bigger job. i have to go and tell my grandkids that no one is joining their job. and it is really sad. >> so you did not follow them? >> reporter: three days of hearings, exposing the glaring area leading up into the june 22 collision on the redline. an unheated warning for the electronics manufacturer for the
CBS
Feb 26, 2010 9:00am EST
bernanke said last week the time is not right to raise interest rates. if we do that it will slow down the economy and make things terrible for everybody. >> how long do you think -- how much more time do you think that people have a to make a deal on a house for the tax credit? >> it expires inning aweeks so if they want to do it, do it now. >> it is mind over money friday. the phone number is 202-432- 9045. taking your questions. free financial advice. give us a ring. >>> again we want to thank our guests for participating in this week's edition of mind over money. our panel isn't going away. they will take your calls for the next 30 minutes. ask james about the tax seminar. talk to ernest about planning your lifestyle and keeping it. great group of people. howard? >> we still have pretty many snow showers toward columbia and bwi and anne arundel county. winds are still howling. that will be the case. slowly dying off this afternoon. not a bad weekend. monday looks good and next wednesday, wilter is not over yet. watch for a possible coast alp don't hate me ladies. >> we love you, ho
CSPAN
Feb 26, 2010 6:00am EST
2011, at the earliest. in testimony before this committee yesterday, chairman bernanke recommended we take steps to determine the future of gse's this year. with american taxpayers exposed to hundreds of billions of dollars in losses from fannie mae and freddie mac continuing operations, do you agree with german bernanke that we cannot afford to wait until next year to decide the gse's future? Ñi>> i believe the time is now o figure out what the proper questions are to ask him what is the proper role the government in the housing system, what is the future structure and objectives of the housing and finance system that policy makers believe is in the best interests of the country and i believe there is plenty of important questions and it is time to start asking in working toward answers right now. with that said, i appreciate the difficulties and challenges in getting to that as of the counter and get into a formal structure. i understand that will take a while. i believe we should absolutely take the time to get it right. i would be happy to work with this committee to start going
CSPAN
Feb 26, 2010 5:00pm EST
. appreciate getting my time. thank you, chairman bernanke, for being here. i do share one concern that senator vitter mentioned about the deficit. gosh, i wish we would have supported senator gregg's proposal when we had a chance, i think it was still the best, perhaps last-best proposal to actually force this congress to take an up or down vote on a plan that would put us back into fiscal sanity. i'm going to come back on the question of financial regulation. .. >> one of the comments you made and we are now 18 months after the crisis and you've said you have looked at the fed within supervision of the bank holding companies stronger capital, stronger risk supervision. you know, we've had a lot of discussion over the last 18 months about size. we've talked a bit earlier, senator raise questions about the volcker rule. i share some of your concerns about how you draw those lines. chairman dodd raise the question about using some of the intimate out there in terms of derivatives. can you tell us a little bit in his last 18 months with this increased focus on the largest sophisticated bank holdi
CNBC
Feb 26, 2010 4:00pm EST
. >> okay let's talk about what went on this week, glenn, as ben bernanke addressed congressional commit these week. there's been so much attention focused on the fed and how they will unwind all of the monetary support that they've put into place to support the economy. last week the fed increasing that discount rate. what are your thoughts on the move so far? how much longer can the fed keep the rates as low as they are and still manage an exit strategy. >> i think that chairman bernanke said it well when he said that the fed would need to keep rates lo, certainly for most of this year. i think the balance sheet adjustments would happen before any formal changes in the federal funds rate. the real questions on an exit strategy aren't economic and technical. they're political. because the fed would have to unwind portfolios, things like mortgage-backed securities, long-term treasuries. that requires political courage, but i have every faith in the federal reserve that it can do this. >> let me ask you in terms of the administration in terms of the stimulus. they're talking about save, c
CSPAN
Feb 26, 2010 12:00pm EST
commercial real estate? i guess that you were all looking and listening to chairman bernanke when he talked about the next wave of defaults in the real estate area. >> yes. chair come well last questions, thank you very much -- develop last request questions. new loan fund than they did under the t.a.r.p. capital programs. one very important difference is that tarp was intended to provide capital for banks to assure their viability under conditions. this is powerful program designed to get banks to lend because as you know the dividend rate on this new capital can drop dramatically if and only if banks lend beyond where they are lending today. couple other points. the small banks we're talking about, have done a pretty good job of maintaining lending balances during this very difficult recession. we think many of them are eager to lend, and by providing them with more capital, in this case capital that could increase their tier 1 capital by 30 to 50% they should be more confident about able to support existing assets and increase their lending at the same time. >> it just brings me back mem
FOX News
Feb 26, 2010 4:00am EST
's promise to end no bid contracts. >> bret: federal reserve chairman ben bernanke says he is keeping his eye on goldm mman satches and other firms make -- goldman sachs and other firms that are looking line creasingly they might default on debt. the recent bad weather may have short-term but not long-term impact on unemployment. the jobless claims shoot up by 22 thousand last week. it didn't set well on wall street. orders to u.s. factories for big ticket items shot up in january by 3%. most of that were for commercial aircraft. we told you of incidents where the obama administration has given no-bid contract with firms to ties to democrat. tonight in fox include exclusive, correspondent james rosen has a similar account on what could be life and death in post-9/11 era. >> from the terror of the anthrax attacks born an initiative president bush called project bioshield. >> the budget will have $6 million to make available effective vaccine and treatment. >> since then, handful of biodefense firms using lobbyists and the competitive bidding conferentract had huge awards. the department of hea
CSPAN
Feb 26, 2010 7:00am EST
for banks in the country. host: ben bernanke referred yesterday to short-term political liability for this. guest: i think he is absolutely correct. people tend, under these kinds of conditions, to one to blame someone. the problem with that is there are plenty of people to blame. we deregulated the industry. the congress deregulated the industry. there was a culture, if you will, of deregulation. and this encouraged some of what i call speculative activities that led to the bubbles and then the collapse. yes, you had this reaction. i think it is an overreaction, and the outcome would be -- as you try to blame someone you get worse outcomes rather than better outcomes, and i think that is what the chairman was trying to communicate. host: does the banking committee and the members, are they right to be angry at the fete at all? guest: if they're going to be angry, i think they have to be angry at everyone, including themselves. they allow these organizations to get bigger and more risk oriented. and yes, and regulatory agencies because of this culture -- the regulatory agencies because of
CSPAN
Feb 26, 2010 1:00pm EST
and for the communities of america. host: ben bernanke cautioned senators not to curtail the fed's banking oversight, referring to short-term political liability for this. guest: i think he is absolutely correct. people tend, under these kinds of conditions, to want to blame someone. the problem with that is there are plenty of people to blame. we deregulated the industry. congress deregulated the industry. there was a culture, if you will, of deregulation, and this encouraged some speculative activities that led to the bubbles and then the collapse. yes, you have this reaction. i think it is an overreaction. i think the outcome would be -- as you try to blame someone, you get worse outcomes instead of better outcomes. i think that is what the chairman was communicating. it is certainly my message. host: senate banking committee -- are the right to be angry at the fed at all? guest: if they are going to be angry, they have to be angry at everyone, including themselves. they asked to eliminate glass-segall, which allowed these agencies to get better. the regulation backed off, if you will. in that ki
CNBC
Feb 26, 2010 9:00am EST
's an interesting idea. bernanke yesterday mentioned that the spike in jobless claims might have been at least partly related to the weather. i would say there's a little more uncertainty than maybe mr. knapp suggests as to whether or not this is weather related or how much of a comedown we're getting from that fourth quarter gdp which was very strong and as you said revised up, erin, to 5.9% from 5.7%. it is interesting to look at the details and where the strength was to kind of figure out whether or not, how much of that is going to continue. what you see when you look at it is the consumer was pretty weak at one point, 7%, and nobody thinks that's going to be any stronger in this quarter. business spending was very strong. that's a wild card. that could continue. exports strong again and of course the big part of that not shown here are the inventories -- inventory numbers. this conference, though, is going to be about the fed policy and the fed's role put on here by the university of chicago's school of business. there are going to be no less than four members of the federal market commit
CSPAN
Feb 25, 2010 11:00pm EST
in adjournment until friday 9:30, february 26. that is followed by federal reserve chairman ben bernanke's testimony before the senate banking committee. >> i come from latin america. i am never expecting to find this kind of poverty. >> photographer and documentary filmmaker on a different side of the nation's capital in the shadow of power, sunday on c-span's q. and a. >> homeland security secretary janet napolitano testified before a house in a about her agency's budget request for the next fiscal year. she answered questions about the consolidation of some of the department's programs and denied reports that the board of security staff has been cut. this is three hours. >> the committee on homeland security will come to order. the committee's meeting today to receive testimony from secretary janet napolitano on the presidents fy2011 budget request for the department of homeland security. i want to thanks secretary napolitano for being flexible about testifying in support of the president's fiscal year 2011 budget request for the department of homeland security after back-to-back bliz
Search Results 0 to 17 of about 18 (some duplicates have been removed)